European Auto ABS Index Report Q2 2012: Performance Deteriorates Slightly As Severe Delinquencies Increase Sep 12
- Language: English
- Published: September 2012
- Region: Europe
OVERVIEW We have assigned our 'AAA (sf)' rating to the class A notes in FCT TitriSocram Compartment TitriSocram 2012-1. This is the seventh transaction backed by receivables originated and serviced by Socram Banque, which is the fourth-largest specialized auto loans lender in France. PARIS (Standard & Poor's) Feb. 22, 2012--Standard & Poor's Ratings Services today assigned its 'AAA (sf)' credit rating to FCT TitriSocram Compartment TitriSocram 2012-1's class A notes of the -460 million asset-backed notes issued by a segregated compartment of the French Fonds Commun de Titrisation (FCT) TitriSocram (see list below). This is the seventh transaction backed by receivables originated and serviced by Socram Banque (A-/Stable/A-2). The purpose of the transaction is to securitize a portfolio of vehicle...
Companies mentioned in this report are: FCT Titrisocram Compartment Titrisocram 2012-1
Action: New Rating
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Research type: News
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FCT Titrisocram Compartment Titrisocram 2012-1